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Tech Mahindra seeks to help clients 'run faster, change better and grow'

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Tech Mahindra seeks to help clients 'run faster, change better and grow'

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Tech Mahindra reported a top down beat for Q2 numbers today. The company managed to beat street expectations on most parameters. CNBC-TV18’s Kritika Saxena caught up with the company's CEO CP Gurnani and CFO Manoj Bhat and discussed company's performance.

Tech Mahindra on Tuesday reported a net profit of Rs 1,123.9 crore for the July-September period, an increase of 17.16 per cent, compared with the previous quarter. The Mumbai-based IT major's revenue stood at Rs. 90,699 crore in the quarter ended September 30, up 4.82 per cent compared with the April-June period. The company managed to beat street expectations on most parameters.
CNBC-TV18 spoke to the company's CEO CP Gurnani and CFO Manoj Bhat and discussed its financial performance.
“There are two sets of levers in terms of margins or two factors affecting and helping margins. First is our synergies with the portfolio companies. As we see some of the revenue growth areas come in and some of the older deals going out from transition into steady state, we will get some margin levers there and of course, automation and AI and everything we do,” Bhat said.
“If you look at our improvement in our SG&A cost, that is another kind of lever, so some of these will continue to pull, but the major factor over the next quarters is executing on some of the deal wins we have. That is where we are seeing that for a transient period, you will have some costs associated with transforming the large deals and that is what is going to take away from margins and that could be more in the second half because many of these will come into execution,” he added.
In terms of big deal wins, Gurnani said: “When I look at the footprint, we are very clear that we are looking at helping our clients run faster, change better and grow. Within that scope of things, we are constantly engaging with our clients and we are looking at clients in banking, financial services and insurance, healthcare, manufacturing and telecom. I can only say that right now when I look at my deal pipeline, it is within these four.”
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